People are banking on revival for the entire ADAG Group: Tirthankar Patnaik

ET Now: What is the deal with RComm? Do you think RComm is a special situation stock? Do you think market somewhere are hopeful that ADAG Group will be able to reduce their debt and this stock will be flying again?

Tirthankar Patnaik: You said it. Basically it is something for our special situations team. People are banking on revival for the entire ADAG Group that essentially happened once the deal with the elder brother was signed earlier on in the month. So post that RComm has seen a big rise. What has been our focus on telecom especially is that we have been negative and our thought has been from a top down perspective.

Volume growth in the sector is likely to be in single digits going forward and the only stock that one would be at this point is Idea where operational matrix really did perform on the upside. So RComm is good but this is not something we will have a core holding. This is more especial situation stock at this point and by that matrix it has performed very well.

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